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Trump Media & Technology Group transferred over $204 million in Bitcoin to Crypto.com addresses
Bitcoin addresses attributed to Trump Media & Technology Group (DJT) by blockchain analytics firm Arkham moved more than 2,650 BTC, or about $204 million worth, to Crypto.com addresses late Thursday evening.
The major move took place via two transfers around 8 p.m. ET on Thursday evening. Details about the purpose of the move have not been reported, and a representative for the firm did not immediately respond to Decrypt’s request for comment, though transfers to centralized exchanges are often a precursor to the sale of assets.
Nasdaq gets approval from SEC to list Bitcoin index options
The Securities and Exchange Commission has given the go-ahead for Nasdaq Inc. to list index options based on the price of Bitcoin, the latest sign that Wall Street is becoming more tightly integrated with the world of digital assets.
The instruments will give US equities traders an alternative way to bet on the price of the cryptocurrency, beyond options on the iShares Bitcoin Trust ETF and similar funds.
Coinbase does not fear competition from Wall Street, says exchange executive
Coinbase is not at all concerned with the increasing competition from Wall Street giants or other traditional financial institutions, the crypto exchange’s head of Policy for Europe told CoinDesk on Friday.
“We have always said that a rising tide lifts all ships,” said Katie Harries, adding that Coinbase is “not at all” worried about the increasing involvement of financial institutions in the United States and around the world in crypto.
Bitcoin & Ethereum Spot ETF Flow
The overall net outflow of the US Bitcoin spot ETF on Friday was $105.19 million. The total net asset value of Bitcoin spot ETFs is $98.87 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.49%.
The Bitcoin spot ETF with the highest net outflow on May 22 was iShares Bitcoin Trust (IBIT), with a net outflow of $68.89 million, according to SoSoValue.
Source: SoSoValue